Hecla Mining Co's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Hecla Mining Co reported revenue of $1.4B (+53.0% year on year) and net income of $321.7M (+798.6% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Sales | $1.4B | $929.9M | $720.2M | $718.9M |
| Cost of sales and other direct production costs | $640.8M | $548.2M | $458.5M | $458.8M |
| Depreciation, depletion and amortization | $160.0M | $183.5M | $148.8M | $143.9M |
| Total cost of sales | $800.8M | $731.7M | $607.3M | $602.7M |
| Gross profit | $622.2M | $198.2M | $112.9M | $116.2M |
| General and administrative | $57.6M | $45.4M | $42.7M | $43.4M |
| Exploration and pre-development | $27.7M | $27.3M | $32.5M | $46.0M |
| Ramp-up and suspension costs | $14.0M | $43.3M | $76.3M | $24.1M |
| Provision for closed operations and environmental matters | $7.9M | $6.8M | $7.6M | $8.8M |
| Write-down of property, plant and equipment | $0 | — | — | — |
| Other operating (income) expense, net | $165.0K | ($45.5M) | ($1.4M) | — |
| Total other operating expenses | $107.4M | $91.9M | $157.6M | $128.6M |
| Income (loss) from operations | $514.8M | $106.3M | ($44.7M) | $12.4M |
| Fair value adjustments, net | $12.5M | ($2.2M) | $2.9M | ($4.7M) |
| Foreign exchange (loss) gain, net | ($5.8M) | $7.6M | ($3.8M) | $7.2M |
| Other income | ($726.0K) | $4.4M | $5.9M | ($7.8M) |
| Interest expense | ($41.6M) | ($49.8M) | — | — |
| Total other expense: | ($35.6M) | ($40.1M) | ($38.3M) | ($32.5M) |
| Income (loss) before income and mining taxes | $479.2M | $66.2M | ($83.0M) | ($44.9M) |
| Income and mining tax provision | ($157.5M) | ($30.4M) | ($1.2M) | $7.6M |
| Net income (loss) | $321.7M | $35.8M | ($84.2M) | ($37.3M) |
| Preferred stock dividends | ($552.0K) | ($552.0K) | ($552.0K) | ($552.0K) |
| Net income (loss) applicable to common stockholders | $321.2M | $35.3M | ($84.8M) | ($37.9M) |
| Net Income | $321.7M | $35.8M | ($84.2M) | — |
| Unrealized (loss) gain and amortization of prior service on pension plans | $11.4M | ($8.4M) | ($1.2M) | ($17.1M) |
| Unrealized (loss) gain on derivative contracts designated as hedge transactions | ($4.5M) | ($7.7M) | $4.5M | $13.8M |
| Total change in accumulated other comprehensive (loss) income, net | $6.9M | ($16.1M) | $3.4M | $30.9M |
| Comprehensive income (loss) | $328.6M | $19.7M | — | — |
| Basic income (loss) common share after preferred dividends | $0.49 | $0.06 | -$0.14 | $0.07 |
| Diluted income (loss) per common share after preferred dividends | $0.49 | $0.06 | -$0.14 | $0.07 |
| Weighted average number of common shares outstanding - basic | 652.0M | 620.8M | 605.7M | 557.3M |
| Weighted average number of common shares outstanding - diluted | 655.8M | 622.5M | 605.7M | 557.3M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Sales | $333.9M | $411.4M | $409.5M | $304.0M |
| Costs applicable to sales | $117.3M | $124.4M | $180.5M | $147.3M |
| Depreciation, depletion and amortization | $36.8M | $33.8M | $48.6M | $37.2M |
| General and administrative | $15.2M | $15.8M | $13.9M | $12.5M |
| Exploration and pre-development | $11.7M | $4.6M | $9.6M | $8.8M |
| Care and maintenance | $3.1M | — | — | — |
| Provision for closed operations and environmental matters | $1.3M | $1.3M | $1.3M | $844.0K |
| Other operating expense, net | $2.9M | $5.2M | $3.9M | ($590.0K) |
| Total costs and expenses | $188.2M | $30.1M | $31.8M | $25.8M |
| Income from operations | $145.7M | $223.1M | $148.6M | $93.8M |
| Interest expense | ($2.4M) | ($5.7M) | ($13.4M) | ($11.1M) |
| Fair value adjustments, net | ($9.2M) | ($5.9M) | $17.6M | $9.6M |
| Net foreign exchange loss | ($4.4M) | $498.0K | $305.0K | ($3.5M) |
| Other income | $7.0M | $3.5M | $2.4M | $1.5M |
| Total other expense | ($9.1M) | ($7.6M) | $7.0M | ($3.5M) |
| Income before income and mining taxes | $136.6M | $215.6M | $155.6M | $90.3M |
| Income and mining tax provision | ($18.8M) | ($50.9M) | ($54.9M) | ($32.6M) |
| Income (loss) from discontinued operations, net of taxes | $0 | ($183.7M) | — | — |
| Net income | $117.9M | ($19.0M) | $100.7M | $57.7M |
| Preferred stock dividends | ($132.0K) | ($132.0K) | ($138.0K) | ($138.0K) |
| Net income applicable to common stockholders | $117.7M | ($19.2M) | $100.6M | $57.6M |
| Income from continuing operations | $117.9M | $164.7M | — | — |
| Change in fair value of derivative contracts designated as hedge transactions and other | ($8.1M) | ($2.2M) | ($4.4M) | $3.3M |
| Comprehensive income from continuing operations | $109.7M | $162.5M | — | — |
| Comprehensive income (loss) from discontinued operations | $0 | ($183.7M) | — | — |
| Comprehensive income | $109.7M | ($21.2M) | $96.3M | $61.0M |
| Continuing operations | $0.18 | $0.25 | — | — |
| Basic income per common share after preferred dividends | $0.18 | -$0.03 | $0.15 | $0.09 |
| Continuing operations | $0.17 | $0.24 | — | — |
| Discontinued operations | $0 | ($0.28) | — | — |
| Diluted income per common share after preferred dividends | $0.17 | -$0.03 | $0.15 | $0.09 |
| Weighted average number of common shares outstanding - basic | 670.8M | 670.4M | 669.2M | 636.9M |
| Weighted average number of common shares outstanding - diluted | 675.9M | 675.2M | 671.9M | 639.7M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $241.6M | $26.9M | $106.4M | $104.7M |
| Trade | $170.2M | $31.5M | $14.7M | $45.1M |
| Other, net | $17.1M | $17.5M | $18.4M | $10.7M |
| Product inventories | $38.1M | $35.0M | $28.8M | — |
| Materials and supplies | $76.7M | $70.0M | $64.8M | $53.4M |
| Current investments | $59.6M | — | — | — |
| Other current assets | $26.0M | $33.3M | $27.1M | $16.5M |
| Total current assets | $629.3M | $214.2M | $260.3M | $267.7M |
| Non-current investments | $47.8M | — | — | $24.0M |
| Restricted cash and cash equivalents | $1.2M | $1.2M | $1.2M | $1.2M |
| Properties, plants, equipment and mine development, net | $2.8B | $2.7B | $2.7B | $2.6B |
| Operating lease right-of-use assets | $8.9M | $7.5M | $8.3M | $11.1M |
| Other non-current assets | $32.6M | $30.2M | $38.5M | $32.3M |
| Total assets | $3.6B | $3.0B | $3.0B | $2.9B |
| Accounts payable and accrued liabilities | $102.3M | $89.0M | $81.7M | $84.7M |
| Accrued payroll and related benefits | $38.1M | $22.8M | $28.2M | $37.6M |
| Accrued taxes | $23.4M | $6.3M | $3.5M | $4.0M |
| Current debt | $0 | $33.6M | — | — |
| Finance leases | $7.2M | $8.2M | $9.8M | $9.5M |
| Accrued reclamation and closure costs | $13.8M | $13.7M | $9.7M | $8.6M |
| Accrued interest | $7.7M | $14.3M | $14.4M | $14.5M |
| Derivative liabilities | $37.2M | $8.2M | $1.1M | $16.1M |
| Other current liabilities | $1.9M | $1.7M | $9.0M | $3.5M |
| Total current liabilities | $231.6M | $197.8M | $157.5M | $178.5M |
| Accrued reclamation and closure costs | $188.5M | $111.2M | $110.8M | $108.4M |
| Long-term debt including finance leases | $268.6M | $508.9M | $653.1M | $517.7M |
| Deferred tax liability | $246.4M | $110.3M | $104.8M | $125.8M |
| Derivatives liabilities | $0 | $2.0M | $364.0K | $6.1M |
| Other non-current liabilities | $33.9M | $11.3M | $16.5M | $11.7M |
| Total liabilities | $969.0M | $941.5M | $1.0B | $948.2M |
| Preferred stock, 5,000,000 shares authorized: Series B preferred stock, $0.25 par value, 2025 - 153,956 shares issued and outstanding and 2024 - 157,756 shares, liquidation preference - $7,698 | 39.0K | 39.0K | 39.0K | 39.0K |
| Common stock, $0.25 par value, authorized 750,000,000 shares; issued 2025 - 679,220,408 shares and 2024 - 640,547,918 shares | 169.7M | 160.1M | 156.1M | 151.8M |
| Capital surplus | $2.6B | $2.4B | $2.3B | $2.3B |
| Accumulated deficit | ($182.1M) | ($493.5M) | ($503.9M) | ($403.9M) |
| Accumulated other comprehensive (loss) income, net | ($3.3M) | ($10.3M) | $5.8M | $2.4M |
| Less treasury stock, at cost; 2025 - 8,920,348 and 2024 - 8,813,127 shares issued and held in treasury | -35.8M | -34.9M | -33.7M | -31.7M |
| Total stockholders’ equity | $2.6B | $2.0B | $2.0B | $2.0B |
| Total liabilities and stockholders’ equity | $3.6B | $3.0B | $3.0B | $2.9B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $483.5M | $587.5M | $133.9M | $296.6M |
| Trade | $127.4M | $215.5M | $102.7M | $48.0M |
| Other, net | $42.6M | $26.6M | $20.6M | $15.4M |
| Product inventories | $36.8M | $24.2M | $40.4M | $58.2M |
| Materials and supplies | $59.9M | $56.1M | $74.5M | $72.6M |
| Current investments | $1.9M | $19.6M | — | — |
| Other current assets | $19.9M | $28.0M | $15.4M | $24.1M |
| Total current assets | $772.0M | $957.6M | $387.5M | $514.9M |
| Non-current investments | $152.5M | $158.5M | — | — |
| Restricted cash and cash equivalents | $1.2M | $1.2M | $1.2M | $1.2M |
| Property, plants, equipment and mine development, net | $2.1B | $2.1B | $2.7B | $2.7B |
| Operating lease right-of-use assets | $8.3M | $18.4M | $8.7M | $8.8M |
| Other non-current assets | $114.1M | $117.4M | $24.0M | $25.9M |
| Assets of discontinued operations | $0 | $0 | — | — |
| Total assets | $3.2B | $3.4B | $3.2B | $3.3B |
| Accounts payable and accrued liabilities | $71.3M | $97.9M | $99.5M | $87.9M |
| Accrued payroll and related benefits | $32.5M | $13.6M | $27.9M | $25.9M |
| Accrued taxes | $17.2M | $44.9M | $17.9M | $8.3M |
| Finance leases | $5.2M | $3.6M | $7.9M | $7.8M |
| Accrued reclamation and closure costs | $10.9M | $12.4M | $13.1M | $8.8M |
| Accrued interest | $0 | $2.9M | $2.9M | $14.4M |
| Derivative liabilities | $9.7M | $15.1M | — | — |
| Other current liabilities | $1.7M | $3.5M | $10.8M | $4.5M |
| Total current liabilities | $148.5M | $193.8M | $180.0M | $193.0M |
| Accrued reclamation and closure costs | $116.7M | $114.0M | $114.7M | $119.3M |
| Long-term debt including finance leases | $7.6M | $262.6M | $269.8M | $521.6M |
| Deferred tax liabilities | $198.9M | $194.1M | $196.5M | $155.1M |
| Other non-current liabilities | $35.7M | $40.9M | $11.1M | $10.3M |
| Liabilities of discontinued operations | $0 | $0 | — | — |
| Total liabilities | $507.5M | $805.5M | $772.2M | $999.3M |
| Series B preferred stock, $0.25 par value, 151,003 shares issued and outstanding, liquidation preference - $7,550 | 38.0K | 39.0K | 39.0K | 39.0K |
| Common stock, $0.25 par value, authorized 1,250,000,000 shares; issued June 30, 2026 - 680,917,122 shares and December 31, 2025 - 679,220,408 shares | 170.1M | 169.8M | 169.7M | 167.9M |
| Capital surplus | $2.7B | $2.6B | $2.6B | $2.6B |
| Accumulated deficit | ($88.6M) | ($203.8M) | ($313.9M) | ($412.0M) |
| Accumulated other comprehensive loss, net | ($13.6M) | ($5.5M) | ($9.0M) | ($4.6M) |
| Less treasury stock, at cost; June 30, 2026 - 8,967,482 and December 31, 2025 - 8,920,348 shares issued and held in treasury | -40.3M | -37.0M | -35.8M | -35.8M |
| Total stockholders' equity | $2.7B | $2.6B | $2.4B | $2.3B |
| Total liabilities and stockholders' equity | $3.2B | $3.4B | $3.2B | $3.3B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net Income | $321.7M | $35.8M | ($84.2M) | ($37.3M) |
| Depreciation, depletion and amortization | $165.6M | $190.5M | $163.7M | $145.1M |
| Fair value adjustments, net | ($12.5M) | $2.2M | ($2.9M) | $24.2M |
| Inventory adjustments | $13.0M | $11.7M | $20.8M | $2.6M |
| Provision for reclamation and closure costs | $11.6M | $9.4M | $9.7M | $9.6M |
| Deferred income taxes | $130.5M | $19.7M | ($6.1M) | ($25.5M) |
| Stock-based compensation | $10.9M | $8.7M | $6.6M | $6.0M |
| Foreign exchange (gain) loss | $5.8M | ($7.6M) | $3.8M | ($9.2M) |
| Write-down of property, plant and equipment | $0 | $14.6M | — | — |
| Other non-cash items | $12.0M | $1.7M | $3.1M | $3.7M |
| Accounts receivable | ($136.8M) | ($17.2M) | $25.1M | $8.7M |
| Inventories | ($21.5M) | ($32.8M) | ($24.0M) | ($18.2M) |
| Other current and non-current assets | $30.9M | ($12.5M) | ($32.5M) | ($12.4M) |
| Accounts payable, accrued and other current liabilities | ($765.0K) | ($2.8M) | $598.0K | ($25.0M) |
| Accrued payroll and related benefits | $22.4M | $6.7M | ($5.0M) | $13.7M |
| Accrued taxes | $17.0M | $2.8M | ($571.0K) | ($7.9M) |
| Accrued reclamation and closure costs and other non-current liabilities | ($7.2M) | ($12.6M) | ($2.6M) | $11.8M |
| Net cash provided by operating activities | $562.6M | $218.3M | $75.5M | $89.9M |
| Additions to property, plant and equipment and mine development | ($252.4M) | ($214.5M) | ($223.9M) | ($149.4M) |
| Proceeds from disposition of assets | $734.0K | $1.7M | — | — |
| Acquisition, net | $0 | $0 | $228.0K | $9.0M |
| Proceeds from sale or exchange of investments | $28.1M | $0 | $0 | $9.4M |
| Purchase of silver puts | ($25.0M) | — | — | — |
| Purchases of investments | ($21.9M) | ($73.0K) | ($9.0M) | ($32.0M) |
| Net cash used in investing activities | ($270.5M) | ($212.9M) | ($231.3M) | ($187.3M) |
| Proceeds from issuance of common stock, net of offering costs | $216.2M | $58.4M | $56.7M | $17.3M |
| Dividends paid to common and preferred stockholders | ($10.4M) | ($25.3M) | ($15.7M) | ($12.9M) |
| Acquisition of treasury shares from employee equity awards | -885.0K | -1.2M | -2.0M | -3.7M |
| Borrowings of debt | $153.0M | $279.0M | $239.0M | $25.0M |
| Repayments of debt | ($427.2M) | ($384.0M) | ($111.0M) | ($25.0M) |
| Repayments of finance leases and other | ($8.7M) | ($10.7M) | ($10.6M) | ($7.6M) |
| Net cash (used in) provided by financing activities | ($78.0M) | ($83.8M) | $156.3M | ($7.5M) |
| Effect of exchange rates on cash | $544.0K | ($1.1M) | $1.1M | ($273.0K) |
| Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents | $214.7M | ($79.5M) | $1.6M | ($105.2M) |
| Cash and cash equivalents and restricted cash and cash equivalents at beginning of year | $28.0M | $107.5M | $105.9M | $211.1M |
| Cash and cash equivalents and restricted cash and cash equivalents at end of year | $242.7M | $28.0M | — | — |
| Cash and cash equivalents | $241.6M | $26.9M | — | — |
| Non-current restricted cash and cash equivalents | $1.2M | $1.2M | — | — |
| Total cash and cash equivalents and restricted cash and cash equivalenst as reported on the consolidated cash flow statement | $242.7M | $28.0M | — | — |
| Interest | $45.1M | $46.1M | ($37.7M) | ($37.2M) |
| Income and mining taxes, net of refunds | $8.7M | $6.6M | $8.9M | ($14.4M) |
| Addition of finance lease obligations and right-of-use assets | $630.0K | $5.6M | $16.1M | $11.9M |
| Recognition of operating lease liabilities and right-of-use assets | $1.4M | $0 | $203.0K | $6.8M |
| Properties, plants, equipment and mine development additions in accounts payable and accrued liabilities | $4.6M | $2.0M | — | — |
| Common stock contributed to pension plans | $0 | $0 | $1.0M | $9.7M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net Income | $98.8M | ($19.0M) | $187.3M | $86.6M |
| Less: (Loss) income from discontinued operations, net of taxes | ($183.7M) | ($183.7M) | — | — |
| Income from continuing operations | $282.5M | $164.7M | — | — |
| Depreciation, depletion and amortization | $71.4M | $34.5M | $126.5M | $77.1M |
| Inventory adjustments | $0 | $0 | $2.4M | $2.4M |
| Fair value adjustments, net | $15.2M | $5.9M | ($30.9M) | ($13.2M) |
| Provision for reclamation and closure costs | $3.7M | $1.9M | $5.8M | $3.8M |
| Stock-based compensation | $6.1M | $2.8M | $7.6M | $4.9M |
| Deferred income taxes | $36.0M | $27.9M | $84.0M | $39.5M |
| Net foreign exchange loss | $3.9M | ($498.0K) | $3.6M | $3.9M |
| Other non-cash items, net | $1.6M | $1.8M | $3.0M | ($1.5M) |
| Accounts receivable | $20.2M | ($43.0M) | ($71.4M) | ($10.4M) |
| Inventories | ($14.9M) | $483.0K | ($9.0M) | ($20.8M) |
| Other current and non-current assets | ($57.6M) | ($19.1M) | $21.7M | $12.7M |
| Accounts payable, accrued and other current liabilities | ($8.1M) | ($777.0K) | ($4.3M) | $3.8M |
| Accrued payroll and related benefits | $3.7M | ($15.3M) | $11.2M | $7.8M |
| Accrued taxes | ($6.0M) | $21.5M | $11.6M | $2.0M |
| Accrued reclamation and closure costs and other non-current liabilities | ($3.0K) | $223.0K | ($3.4M) | ($912.0K) |
| Cash provided by operating activities of continuing operations | $357.8M | $182.9M | — | — |
| Cash provided by operating activities of discontinued operations | $11.3M | $11.3M | — | — |
| Net cash provided by operating activities | $369.2M | $194.2M | $345.6M | $197.5M |
| Additions to property, plant and mine development | ($78.4M) | ($39.3M) | ($170.0M) | ($112.1M) |
| Proceeds from sale of Hecla Quebec, net of transaction costs | $178.2M | $168.0M | — | — |
| Proceeds from sale of Minera Hecla | $5.2M | $5.2M | — | — |
| Proceeds from sales of investments | $117.4M | $95.4M | $3.7M | $3.7M |
| Purchases of investments | ($56.4M) | ($55.7M) | $0 | $0 |
| Proceeds from asset dispositions | $739.0K | $735.0K | $714.0K | $128.0K |
| Net cash provided by (used in) investing activities of continuing operations | $166.7M | $174.4M | — | — |
| Net cash used in investing activities of discontinued operations | ($8.8M) | ($8.8M) | — | — |
| Net cash provided by (used in) investing activities | $157.9M | $165.6M | ($165.6M) | ($108.3M) |
| Proceeds from sale of common stock, net | $63.0K | $63.0K | $216.2M | $174.1M |
| Acquisition of treasury stock | ($4.5M) | ($1.2M) | ($885.0K) | ($885.0K) |
| Borrowing of debt | $0 | $0 | $153.0M | $133.0M |
| Repayment of debt | ($263.0M) | $0 | ($427.2M) | ($117.0M) |
| Dividends paid to common and preferred stockholders | ($5.3M) | ($2.8M) | ($7.7M) | ($5.0M) |
| Repayments of finance leases and other | ($3.7M) | ($1.2M) | ($6.6M) | ($4.2M) |
| Net cash (used in) provided by financing activities of continuing operations | ($276.5M) | ($5.1M) | — | — |
| Net cash used in financing activities of discontinued operations | ($8.4M) | ($8.4M) | — | — |
| Net cash (used in) provided by financing activities | ($284.9M) | ($13.6M) | ($73.2M) | $180.0M |
| Effect of exchange rates on cash | ($187.0K) | ($330.0K) | $311.0K | $479.0K |
| Net increase in cash, cash equivalents and restricted cash and cash equivalents | $241.9M | $346.0M | $107.0M | $269.7M |
| Cash, cash equivalents and restricted cash and cash equivalents at beginning of period | $242.7M | $242.7M | $28.0M | $28.0M |
| Cash, cash equivalents and restricted cash and cash equivalents at end of period | $484.7M | $588.7M | $135.1M | $297.7M |
| Cash and cash equivalents | $483.5M | $587.5M | $133.9M | $296.6M |
| Non-current restricted cash and cash equivalents | $1.2M | $1.2M | $1.2M | $1.2M |
Hecla Mining Co score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.